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Africa: What Next? United States Exits Key Entities, Vital Climate Treaties in Major Retreat From Global Cooperation

Africa: What Next? United States Exits Key Entities, Vital Climate Treaties in Major Retreat From Global Cooperation

eriinfo.com013 mins

Nairobi — President Donald Trump has escalated efforts to further distance the United States from international organizations and entities focused on climate, the environment, and energy. This strategy is in step with his administration’s established approach to undermine and redirect funds and international cooperation away from climate and clean energy programs. But where some see…

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Visa moves to plug stablecoins into the global payments system

Visa moves to plug stablecoins into the global payments system

eriinfo.com05 mins

Visa is working to integrate stablecoins into existing payment systems, seeing an opportunity to maintain its market leadership as these tokens gain traction, Visa’s head of crypto, Cuy Sheffield, said in an interview. Stablecoins, cryptocurrencies typically pegged to the US dollar, allow funds to be moved outside traditional banking systems. While their circulation has surged,…

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Saks Global files for bankruptcy

Saks Global files for bankruptcy

eriinfo.com06 mins

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since the Covid-19 pandemic, and casts…

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Apple tops global smartphone rankings in 2025

Apple tops global smartphone rankings in 2025

eriinfo.com02 mins

Global smartphone shipments rose 2% year on year in 2025, lifted by stronger demand and economic momentum in emerging markets, Counterpoint Research said on Monday. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone…

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Africa: What Next? United States Exits Key Entities, Vital Climate Treaties in Major Retreat From Global Cooperation

Africa: Climate Adaptation Has a New Global Plan. What the Belem Indicators Are and Why They Matter to Africa

eriinfo.com012 mins

At the 2025 global climate summit, COP30, held in Belém, Brazil, one decision stood out with major consequences for Africa: countries agreed on a new set of progress indicators. The “Belém Adaptation Indicators” were developed through a two-year UN process. Although the name may sound technical, the idea is straightforward. For the first time, countries…

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2025 global tech sector layoffs surpass 200k

2025 global tech sector layoffs surpass 200k

eriinfo.com05 mins

2025 saw global tech sector layoffs reach 244 851. In 2025, 244 851 people were laid off in the global technology industry. This, as companies like Intel, Amazon and Microsoft, among others, continued to intensify investments in artificial intelligence (AI) technologies. This is according to data released by RationalFX, which tallied figures based on layoff…

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Africa: What Next? United States Exits Key Entities, Vital Climate Treaties in Major Retreat From Global Cooperation

Africa: Chinese EV Giant Okla Global Appoints Treadway to Spearhead Africa Expansion

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Nairobi — Chinese electric vehicle (EV) manufacturer Tiazhou Okla Automotive Co., widely known as Okla Global, has announced a strategic partnership with Hong Kong-headquartered Treadway Investment Bank to accelerate its ambitious expansion into Africa’s fast-growing automotive market. Under the agreement, Treadway will provide investment banking and corporate finance advisory services to support Okla’s continental growth…

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